The Block Reward | Real Stories. Real Impact. All Powered by Real Money - Bitcoin

In this podcast episode, Greg Foss, a Canadian Bitcoin enthusiast and veteran of the capital markets, joins Scott on "The Block Reward". They discuss Greg's background in the capital markets, his early discovery of Bitcoin, and his insights on the value of Bitcoin in relation to credit default swaps on sovereign debt. Greg shares his experiences as a junk bond trader and his efforts to develop a high yield bond market in Canada. He emphasizes the importance of Bitcoin as a hedge against fiat debasement and discusses its potential impact on pension plans and real estate. The episode concludes with a call to action for listeners to explore the potential of Bitcoin. Greg has spent over thirty years in financial markets with a focus on trading high yield credit. He has worked on both the sell-side of the street (TD Securities) and the buy-side having been Managing partner of Credit Strategies at a successful hedge fund team during the great financial crisis in 2008/09. He was a founding shareholder at 3IQ, one of Canada’s largest digital asset managers and is currently CFO and Bitcoin strategist at Validuspower.com. What We Discuss: [00:00:00] Greg Foss emphasizes the importance of owning hard assets, including Bitcoin, to protect against the debasement of fiat currency. [00:01:10] Greg discusses his career in trading credit and his belief in the importance of understanding credit markets and their impact on equity. [00:04:45] Greg shares his journey of discovering Bitcoin, investing in a Bitcoin startup, and realizing the potential value of Bitcoin as a life-changing technology. [00:15:20] What are the risks to bond holders? [00:15:57] Explanation of the risks faced by bonds and how Bitcoin can serve as an alternative investment for bond investors. [00:18:00] Why every portfolio needs Bitcoin. [00:23:35] Discussion on the valuation of Bitcoin using open market credit default swaps and presents a potential price target based on the total global financial assets. [00:23:50] How do we price Bitcoins potential? [00:28:53] Discussion on the potential impact of BlackRock, the world's largest asset manager, getting their US spot price Bitcoin ETF approved. [00:28:55] Insights on Bitcoin as a risk mitigating factor and its positive impact on capital markets and free markets. [00:30:15] Exploration of Bitcoin as a hard asset and insurance against a potential debt crisis, with a focus on the US balance sheet and global reserve currency. [00:41:52] Greg emphasizes the importance of Bitcoin as a solution to a problem with enormous repercussions, urging people to understand its value for the future. [00:44:39] Greg discusses the optimal Bitcoin allocation for the Wisconsin pension plan, which was determined to be 6% through portfolio analytics. Episode Resources: Greg Foss | Twitter

In this podcast episode, Scott sits down with Adam O'Brien. The conversation revolves around the concept of financial sovereignty and the importance of being in control of one's own money. Adam explains that Bitcoin provides a protocol with sound financial means and principles that allow individuals to have full control over their wealth. He shares his own journey of discovering Bitcoin and discusses the risks of financial oppression and the need for sound money. The conversation also touches on the issues of financial censorship and the impact on individuals and businesses. Adam highlights the role of Bitcoin in providing a solution to these problems and enabling financial sovereignty. The episode concludes with a discussion on the mission of Bitcoin Well and the importance of understanding sound money. CEO and Founder of Bitcoin Well (BTCW.v) Adam is a bitcoin entrepreneur dedicated to building products that make it easy to buy, sell and use bitcoin. He founded Bitcoin Well in 2013 which has grown to be one of Canada’s largest bitcoin companies boasting over 280 Bitcoin ATMs across Canada and an online portal which is the fastest and safest way to buy and sell bitcoin. In 2021 Bitcoin Well became the world’s first non-custodial bitcoin business to be publicly traded. Today, he is CEO of Bitcoin Well and recognized as a true visionary in the field and strives to bring bitcoin to the mainstream. His goal is to make bitcoin easy, approachable and accessible for all. What We Discuss: [00:01:14] Adam talks about his early adoption of bitcoin, his initial skepticism, and his deep dive into learning about bitcoin in 2013. [00:12:12] Exploration of historical incidents of wealth confiscation, such as the US government's confiscation of gold in 1933, and the current financial oppression in North America. [00:14:04] Explanation of the importance of being financially sovereign and in full control of one's money, with a focus on the principles of sound money and the limitations of traditional banking systems. [00:24:29] Discusses the importance of money as a medium of exchange and how it is tied to productivity and creating value. [00:28:08] Explains how Bitcoin offers a long-term solution to the current issues of reckless monetary policy and loss of purchasing power. [00:33:15] Addresses the problem of inflation and how it leads to the loss of purchasing power. Also discusses the rising costs of real estate and its potential consequences. [00:38:59] Adam talks about the limitations of using cash in Canada and how the government's elimination of the ability to use cash for transactions has created a problem. He emphasizes the potential consequences of financial censorship and the need for a free market. [00:43:07] Discussion on the possibility of broad financial censorship and how it can impact individuals and society. They also touch on the importance of financial sovereignty and the role of Bitcoin in providing individuals with control over their wealth. [00:50:07] How Bitcoin Well incorporates Bitcoin into its corporate culture, attracting individuals who value freedom and independence. [00:53:54] Emphasis on the concept of sound money and its importance, explaining how Bitcoin fulfills the criteria of sound money. [01:01:08] Discussion on the various products and services offered by Bitcoin Well, including ATMs and ways to interact with Bitcoin. [01:01:43] The goal of the Block Reward podcast to create accessible conversations about Bitcoin for people who aren't obsessed with it. [01:02:29] Block Rewards' mission of helping Canadian employers implement strategies for integrating Bitcoin into compensation and benefits is highlighted. Episode Resources: Bitcoin Well | Website Bitcoin Well | Instagram Adam O'Brien | Instagram

Welcome to "The Block Reward," where we make the world of Bitcoin accessible for everyone—no prior knowledge needed. Host Scott Dedels, along with a lineup of distinguished guests, aims to demystify Bitcoin in easy-to-understand language, guiding you toward financial sovereignty.